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Thai bank's VC unit to boost capital pool by up to $100m

Beacon VC to invest funds from parent, KBank, in tech startups

The venture capital arm of Thailand's Kasikornbank plans to raise $50 million to $100 million from its parent. (Screenshot from Beacon VC website)

HANOI -- The corporate venture capital arm of Thailand's Kasikornbank (KBank) plans to raise $50 million to $100 million from its parent for tech investments, according to a top executive at the firm.

Beacon VC is looking to deploy its current pool of capital this year, said Managing Director Thanapong Na Ranong.

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